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US – AGS reports record EGM sales due to Orion Portrait and Upright launches

By - 11 November 2019

AGS saw its third quarter revenue increased five per cent to $79.4m, driven by record EGM unit sales.

EGM sold units increased four per cent, to 1,391 compared to 1,332 in the prior year led by sales of the Orion Portrait and the successful launch of our new Orion Upright cabinets. Table products revenue increased 39 per cent to $2.9m, driven by increased progressive table game placements and an increased footprint of the recently introduced Dex S card shuffler.

David Lopez, President and Chief Executive Officer, said: “Our third quarter performance was underscored by the sale of nearly 1,400 EGMs – the most in our company’s history – as well as record performance in our Table Products segment. 92% of domestic EGM unit sales were from our Orion family of cabinets, including our latest addition, the Orion Upright, which accounted for approximately 300 sold units in the quarter. After a successful G2E last month, we are looking forward to launching our premium lease-only Orion Rise cabinet and Starwall LED merchandising display, as well as our highly anticipated Orion 49C, Pax S card shuffler, and Bonus Spin Xtreme progressive system. We believe this robust suite of products will help drive growth in 2020 and beyond.”

The company’s domestic EGM installed base grew by 2,656 units year-over-year, driven by the acquisition of 2,500 EGMs from Integrity Gaming and the placement of approximately 900 incremental recurring units year-over-year. The prior year installed base included approximately 700 VLT units that were purchased in an end-of-lease buyout.

International gaming operations revenue grew year-over-year due to the addition of 552 incremental units placed with both existing and new customers, predominantly in Mexico. The new Orion Upright footprint grew to more than 325 units and accounted for 22 per cent of sales in the quarter with placements in several early-entry markets such as Arizona, Canada, New Mexico, Michigan and Oregon as well as ramping markets such as Florida and California. Placements were driven by our proven legacy games such as Golden Wins and new games such as Imperial Luck. Orion Portrait footprint increased to nearly 8,000 units, up 87 per cent year-over-year and accounted for 57 per cent of sales in the quarter.

Caption: AGS celebrating the Silver Medal for Best Slot Product for its Starwall at G2E Las Vegas

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